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We propose a new nonparametric estimator for the density function of multivariate bounded data. As frequently observed in practice, the variables may be partially bounded (e.g., nonnegative) or completely bounded (e.g., in the unit interval). In addition, the variables may have a point mass. We...
Persistent link: https://www.econbiz.de/10005015239
This study assesses the incidence of pollution control policies on households. In contrast to previous studies, we employ an integrated framework combining a multisector general equilibrium model with a stochastic dominance analysis using household-leved data. We consider three policy...
Persistent link: https://www.econbiz.de/10005015240
We analyze the complementarity between legal incentives (the threat of being held liable for damages) and normative incentives (the fear of social disapproval or stigma) in situations where instances of misbehavior are not perfectly observable. There may be multiple equilibria within a given...
Persistent link: https://www.econbiz.de/10005015241
This paper exploits the panel feature of the Canadian National Longitudinal Survey of Children and Youth (NLSCY) and the large diversity of measures collected on the children ad their families over 6 cycles (1994-1995 to 2004-2005) to explain high school graduation and postsecondary education...
Persistent link: https://www.econbiz.de/10005015242
We present results from a field experiment testing the gift-exchange hypothesis inside a tree-planting firm paying its workforce incentive contracts. Firm managers told a crew of tree planters they would receive a pay raise for one day as a result of a surplus not attribuable to past planting...
Persistent link: https://www.econbiz.de/10005015243
We use spline interpolation to approximate the subjective cumulative distribution function of an economic agent over the future realization of a continuous (possibly censored) random variable. The method proposed exploits information collected using a small number of probability questions on...
Persistent link: https://www.econbiz.de/10005015244
This paper explores the link between poverty and inequality through an analysis of the poverty impact of changes in income-component inequality and in between -an within- group inequality. This can help shed light on the theoretical and empirical linkages between poverty, growth and inequality....
Persistent link: https://www.econbiz.de/10005015245
This study explores the formation of buyer-seller relationships in markets with observable quality. We develop a model that explains why relationships form in equilibrium within such markets. A key feature of our model is that as individuals gain experience in the marketplace, they resolve...
Persistent link: https://www.econbiz.de/10005015246
This paper investigates how competition in the media affects the quality of news. In our model, demand for news depends on the market perception of the media's ability to receive correct information: it is positive if and only if news is potentially useful for the voting decision. When the media...
Persistent link: https://www.econbiz.de/10005015247
We propose a parametric model based on the Poisson distribution that permits to take into account both unobserved worker and workplace heterogeneity as long as both effects are nested. By assuming that workplace and worker unobserved heterogeneity components follow a gamma and a Dirichlet...
Persistent link: https://www.econbiz.de/10005015248